Posted On: 10/26/2016 9:47:16 AM
Post# of 72446
They want a reverse split because it makes shorting easier. Small traders often are not allowed to short stocks that trade under 2 -- or under 5, at some brokerages.
Many stocks that have done reverse splits have then been pounded mercilessly again. Look at AVXL for a great example.
Many stocks that have done reverse splits have then been pounded mercilessly again. Look at AVXL for a great example.
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